Look up cup and handle formation. It’s a technical analysis term.
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Look up cup and handle formation. It’s a technical analysis term.
ZachF
Active Member
Add up the three for the US and it's 54,050 units, If Canadian sales are about 1/10th US sales (which is usuall what they are) we are looking at Q3 sales of around 59-60,000 for the M3.
iw was actually just 2000 model 3 in canada for the whole quarter
I'd add some additional color to what made people whom I talked with yesterday upset.
One couple, second time coming to the delivery center. After 1.5 hours waiting, car apparently was in San Diego, CA (mind you, this was bay area delivery)
Another couple, first time delivery center, 2 hours waiting, car was in San Francisco, not at the delivery center. Was told could wait till 18:00 (this was at 11:30) or come back tomorrow (today) or schedule again for this week.
another couple (mostly the woman was the most upset), this was their THIRD time to the DC, nobody knew where there car was and was offering a different car. That SOUNDS great to some, but if one is doing financing or leasing through a third party, it's basically impossible to change the VIN assignments and approvals on the spot as they are directly tied to the VIN. After 2 hours total, they were asked to re-schedule for some time next week. They were p....d. I can understand and could only say that I didn't work for the company and if I DID have any authority I would try to escalate it somehow but certainly couldn't. Could I help them learn more about their car, or the S or M3, or charging, etc.. person: No, "I JUST WANT MY CAR!!' moved along
another couple, they had an appt. at 11:45, it was now 12:30, and nobody had contacted them. this is a GREAT example of expectations by the buyer and consideration being out of alignment or even out of touch - you are going to get people who fall into this category. The think of it as a reservation like a restaurant, but comment on things like "This ISN'T that hard, how can they not have it better organized, I work in BUSINESS and this should have all been worked out now"..they were later told that they THOUGHT they could be accommodated by 17:00. Understandably, they were annoyed. The woman literally said to me "At this point I'm just thinking about cancelling the car"..of course she probably didn't, but emotions were somewhat raw.
I didn't tell these people that I have worked in the auto industry in the past for a decade and seen poor customer services like this from both international and domestic manufacturers - it wouldn't have given them any comfort or solace in the situation.
I WILL say, that this particular situation that TESLA is dealing with is VERY unique for the AUTO industry. We really haven't seen certainly for a USA domestic manufacturer and in my opinion even an international OEM this TYPE of situation where a totally NEW product is coming out in large volume (for that OEM, not from an auto standpoint because other USA OEM's have certainly done higher volumes and much better than this) and where both production volume and delivery volume is spiking and has to be managed very well. It's HARD. I've said for over a year now, its going to BE HARD. There isn't a perfect playbook, but there were certainly things which could have been done better.
Other companies, not auto industry have certainly failed in this TYPE of scenario. Apple, google, Microsoft etc. But we haven't really seen the opportunity to perform somewhat poorly like this in autos - because nobody has really tried to do it.
I met with and helped a LOT of people and the majority of them were just so excited about finally getting the car that they were willing to take some pain and then they got the cars and they were just grinning ear to ear. (as we pretty much all were when I finally got it).
But I would have hoped the percentages of my above examples would have been a very small minority, it was sadly, on that day at that location (probably the busiest day in history for the company at any location) too much of an example and in the lower double digits and not in the high single digits that would have should have indicated a problem.
The staff stayed strong and resolute and happy and for the most part unfazed. Get the cars out, try and make people happy. Use the current owners onsite as much as possible to fill in the gaps (sometimes large gaps) of time between arrival, documentation, inspection, delivery. Repeat.
I don't think other locations around the country had anywhere NEAR these types of issues or incidents. I can't imagine anywhere else trying to process so many buyers and vehicles. And from what I have read around the country, moving 25-40 cars per location daily has been more manageable.
It was a battle, but incremental progress forward was made and the ground will not be lost. today compared to yesterday, there are 1000's of more VERY happy Tesla owners, drivers, advocates driving around the country with a giant grin from ear to ear and any memories of a bit of inconvenience from yesterday is nearly forgotten.
Mistakes were made, progress was made, onward to Mars!
side note relevant to the stock maybe: I will add that at one point, ~ca 12:30 PST, there was a great cheer form all the employees from the back office area behind the closed doors. I don't know exactly when Musk would have communicated internally or externally the decision to finalize the SEC deal (which COULD have elicited such a response, probably not though). I could imagine that some significant MILESTONE of deliveries was reached at that point. It COULD have just been some rallying cry, or that the Krispy Kreme donuts arrived, but it did seem significant so without saying anything there could be some upside to any delivery reports - more than we expect.
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Right you are; I misread that initially. So about 56,050 total 3s for the quarter for US/Canada per InsideEVs.
NikeWings
Active Member
Law Firm Pierce Bainbridge has a casting call out for someone who purchased TSLA shares btwn 8/7-8/17.
Contact John Pierce. Seeking a Plaintiff?
Contact John Pierce. Seeking a Plaintiff?
cheshire cat
Member
Thanks. I thought the same but my memory is squishy. And, whether we take any side on Musk's tweets, even though he did not admit in the judgment he made a mistake, he is certainly entitled to one like Mullaly.
By the way, though I love the playful Krugerrand cat, your's reminds me of a Wellesley girl who once said "what do you expect from a day that begins with getting out of bed." Also, did your cat drink too much last night? (With all due respect to Amy Klobuchar.)
We have seen this type of price action before several times throughout the past 4-5 months, and the open is often a 60-90 minute high, met with selling and a better buying oppty if one wants to truly get long. so, just sayin'
Fact Checking
Well-Known Member
56k M3 deliveries would be well over guidance, so together with 25k S+X that's 81k total deliveries for Q3: ka-ching for Tesla!
dmckinstry
Model X 2019
Nope (just being difficult), it's any oblate spheroid.
As to the lawsuit, none of us know all the facts, and it's possible we never will.
NikeWings
Active Member
I think you might be right....there's $40MM up for grabs.
Artful Dodger
"Neko no me"
25k s+x is too low if insideev is correct at 8k for the US in September. We already know Norway is at 2k for the month. Rest of Europe deliveries would have to crash to get us to 25k.
50-55k guidance was production. Guidance for deliveries was 'higher'. So 56k is nice, but not 'well over' guidance. I'm totally happy with it, though.
Fact Checking
Well-Known Member
Plus, he has 14.5M views on Joe Rogan.
And the Joe Rogan interview has a 98% like ratio!
So that's future sales of 14 million Tesla vehicles, which with an ASP of ~$50k is ~700 billion dollars of revenue, ~120 billion dollars of profit.
Clever!
dmckinstry
Model X 2019
Actually, that's the easy half of trading TSLA. The hard part is doing the opposite of your hopes when we're breaking through all time highs...
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